rupee  Mandate Management System (MMS)

Overview
  • National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature
  • Mandate Management System - MMS allows banks to accept, digitize, process and send the mandate to other banks for acknowledging and registering customer instruction to debit his account with other bank through NACH.
  • This is an upgraded version of Electronic Clearing System (ECS)
Features
  • SGB as a Sponsor Bank - Debit other bank accounts and receive credit for accounts with us
    a) Mandate Creation: Creation of a new mandate in favour of the User Institution.
    b) Mandate Amendment: Amendment of any of the variables of an existing Mandate, which is Active.
    c) Mandate Cancellation: Cancellation of an active mandate
  • SGB as a Destination Bank - Debit our bank accounts and credit for other bank accounts
    a) handles all the inward Mandates received from other Financial Institutions.
Benefits
  • Recurring payments will be easier
  • No worry about recurring payments
  • Issue mandates for longer period
Rates & Charges
  • One time Mandate charges :
  • Description Charges (Excl GST)
    New Mandate 50/-
    Amendment 50/-
    Cancellation No Charges
Application Forms
  • Mandate Registration Form & Mandate Form
How to register ?
  • Please contact your home branch for more details.
Designed by Yaswanth Gupta Bondada & Raghav Vellore